Re: EMI shielding
Your conductive paint will provide some shielding, and it should be directly connected to your circuit ground as close to the power supply ground return as possible. You want the connection point close to the power supply to help minimize the chance of shield noise modulating a signal return.
Whether or not it will provide enough shielding depends on many factors.
* What frequencies are you trying to shield against? - Your paint shield will work better against higher frequencies than it will against lower frequencies; however, higher frequency interferrence can find its way in through connector penetrations, power supply cables, etc.
* Is the potential source of EMI primarily RF or is it magnetic? - A simple conductive paint shield may stop high freqency RF, but it isn't going to keep out the magnetic field from an adjacent motor or power transformer.
* What power are the signals that need to be shielded against? - Your single conductive paint coating isn't going to keep out the 50Kw radio station on the next block. Large EM signals mean large currents flowing in the shield and the chance of secondary EM effects on the shielded circuit.
* How far from the shield will your circuit be? - EM fields follow the inverse square law for attenuation. Whatever your shield doesn't completely absorb may be weakened enough that shield-to-circuit spacing eliminates what's left. Another consideration is the capacitance between the shield and your circuit - if it's too close, you may detune or cross couple circuits on your own circuit board.
The answer could go on-and-on because the subject is a complex one. There are hundreds of books, and graduate level courses, aimed at EMC and EMI. The bottom line is that your painted shield won't hurt, and will probably help you somewhat - use it.